Converge ICT Solutions Inc. on Tuesday announced free permanent speed upgrades of up to 300 megabits per second (Mbps) to customers starting December 15, in celebration of breaching a million subscribers.
In a regulatory filing, Converge said it will upgrade its P2,500 plan to up to 100Mbps from 75Mbps previously; the P3,500 plan to up to 200Mbps from 150Mbps previously; the P4,500 plan to up to 400Mbps from 300Mbps previously; and the P7,000 plan to up to 800Mbps from 500Mbps previously.
It likewise increased the new add-on speed to 45Mbps from 35Mbps with a monthly service fee of P1,599, exclusive for existing plan P1,500 subscribers who will only need to pay an additional P99 per month to enjoy 10Mbps on top of their subscription.
To avail of the free upgrade, subscribers will have to log on to go-faster-now.convergeict.com for the increase to take effect, while the application may be done via the Converge ICT application site https://gofiber.ph/ for new subscribers.
Converge said new subscribers will also enjoy their first month completely free when they apply for any plan from December 12, 2020 until January 31, 2021.
"The shifts we experienced this year have been pivotal to the growth of the fixed broadband market in the Philippines. With Converge ICT’s expertise, we are in a prime position to help the community adapt to the digital lifestyle by serving their at-home needs. The speed increase is one of the many steps we are undertaking to ensure that we follow through with our commitment to providing fast and affordable internet nationwide," said Converge founder and chief executive officer Dennis Anthony Uy.
"With the holiday season fast approaching, the speed increase is also our way of giving back to Filipinos. We want to ensure they receive uninterrupted reliable internet that will allow them to stay connected to their loved ones this Christmas," he added.
Converge reported an 83% climb in its income for the third quarter of the year to P931.5 million versus P509.4 million the same period in 2019. Year-to-date, income rose 59.5% to P2.170 billion from P1.361 billion previously.
The company in October generated P29 billion from its initial public offering (IPO), the same amount it has allocated to spend in the next 18 months to finance its expansion across the country.
In July, Converge said it would spend P33 billion for the remainder of 2020 and the rest of 2021 for the development and expansion of its national backbone, provincial backbone, and last-mile connectivity.—AOL, GMA News